Kohl’s Corporation Declares Quarterly Dividend of $0.13 (NYSE:KSS)

Kohl’s Corporation (NYSE:KSS) declared a quarterly dividend on Wednesday, November 12th. Stockholders of record on Wednesday, December 10th will be paid a dividend of 0.125 per share on Wednesday, December 24th. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Wednesday, December 10th.

Kohl’s has decreased its dividend payment by an average of 0.1%per year over the last three years. Kohl’s has a dividend payout ratio of 98.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Kohl’s to earn $1.22 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 41.0%.

Kohl’s Trading Up 0.4%

Shares of NYSE KSS opened at $18.06 on Thursday. The stock’s 50 day moving average price is $16.34 and its two-hundred day moving average price is $12.23. Kohl’s has a 52-week low of $6.04 and a 52-week high of $21.39. The stock has a market capitalization of $2.02 billion, a P/E ratio of 9.76 and a beta of 1.78. The company has a quick ratio of 0.19, a current ratio of 1.36 and a debt-to-equity ratio of 1.00.

Kohl’s (NYSE:KSS) last released its earnings results on Wednesday, August 27th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.23. Kohl’s had a net margin of 1.31% and a return on equity of 4.62%. The firm had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same quarter in the previous year, the firm earned $0.59 earnings per share. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. Kohl’s has set its FY 2025 guidance at 0.500-0.800 EPS. On average, analysts anticipate that Kohl’s will post 1.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kohl’s

A number of institutional investors have recently added to or reduced their stakes in KSS. Hussman Strategic Advisors Inc. grew its stake in shares of Kohl’s by 40.0% in the 1st quarter. Hussman Strategic Advisors Inc. now owns 147,000 shares of the company’s stock worth $1,202,000 after purchasing an additional 42,000 shares during the last quarter. New Republic Capital LLC acquired a new stake in Kohl’s during the first quarter valued at approximately $243,000. Banco Bilbao Vizcaya Argentaria S.A. grew its position in Kohl’s by 37.0% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 197,974 shares of the company’s stock worth $1,649,000 after buying an additional 53,518 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Kohl’s in the first quarter valued at $409,000. Finally, XTX Topco Ltd increased its holdings in shares of Kohl’s by 313.1% in the first quarter. XTX Topco Ltd now owns 142,270 shares of the company’s stock valued at $1,164,000 after buying an additional 107,831 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

About Kohl’s

Kohl’s Corporation operates as an omnichannel retailer in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company provides its products primarily under the brand names of Croft & Barrow, Jumping Beans, SO, Sonoma Goods for Life, and Tek Gear, as well as Food Network, LC Lauren Conrad, Nine West, and Simply Vera Vera Wang.